12,417 Shares in RTX Co. (NYSE:RTX) Bought by Heritage Trust Co

Heritage Trust Co acquired a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,417 shares of the company's stock, valued at approximately $1,437,000.

A number of other hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC bought a new position in RTX in the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management raised its position in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of RTX during the fourth quarter valued at about $39,000. Modus Advisors LLC purchased a new stake in shares of RTX during the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX during the 4th quarter worth $40,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RTX. JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Vertical Research raised RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their price target on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, Citigroup dropped their target price on RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $165.27.

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RTX Stock Performance

RTX stock traded up $1.22 during trading hours on Wednesday, hitting $129.86. The company had a trading volume of 1,115,949 shares, compared to its average volume of 5,469,018. The firm has a market cap of $173.37 billion, a PE ratio of 36.58, a PEG ratio of 2.11 and a beta of 0.58. RTX Co. has a one year low of $99.07 and a one year high of $136.17. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a 50-day moving average of $128.55 and a 200 day moving average of $123.71.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is 70.99%.

Insider Buying and Selling

In related news, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 over the last quarter. 0.15% of the stock is owned by company insiders.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.